Finnair signs 12-Year V-Services(SM) FHA

MIAMI, April 16, 2015 /PRNewswire/ -- Finnair has signed an exclusive, 12-year V-Services Fleet Hour Agreement (FHA) to manage 10 V2500^® engines.  The agreement will cover installed engines on five Airbus A321ceo aircraft.  The V2500 engine is offered through International Aero Engines, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney (NYSE: UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.

"Our V2500-powered A321ceo aircraft, which were incorporated into our fleet in 2013, have met our expectations on operational performance," said Jari Huhtinen, vice president, Technical Operations, Finnair.  "Under this FHA, we know that our engines are being maintained to perform at their highest capacity."

"We are pleased to maintain the V2500 engines on Finnair's A321ceo fleet," said Greg Gernhardt, president, Pratt & Whitney Commercial Engines.  "Our goal is simple: to keep our customers engines on-wing, running optimally, as long as possible.  By supporting Finnair through a V-Services FHA, we take on the risk associated with maintaining the engine and allow them to focus on what really matters – their operations."

Engines maintained under an FHA qualify for Pure-V status, which recognizes engines that are maintained to the highest OEM build standards.  Pure-V engines include only OEM-approved parts and repair, which provides the highest level of engine residual value over the long term.  Pure-V engines provide operators with predictable maintenance costs, fewer unscheduled engine removals and longer time on-wing between shop visits.

Finnair is the flag carrier and largest airline operator in Finland.  Founded more than 90 years ago, Finnair specializes in flights between Asia and Europe.  Finnair's mission is to offer the smoothest connections in the northern hemisphere via Helsinki and the fastest and best network to the world in its home market.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technology Corp.'s Securities and Exchange Commission filings.

SOURCE Pratt & Whitney

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